How to Measure Employee Productivity in the Knowledge Economy - Deepstash
Measuring Employee Productivity

Fixing employee productivity in the industrial age, when most workers were handling machinery and it’s parts, was a tedious but doable process. The managers had to fix the people who were making mi...

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How to Measure Employee Productivity in the Knowledge Economy

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The basic productivity formula(productivity= output divided by input) worked well in the industrial age as the output and input were clearly defined and measurable.

Today’s leaders ...

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While assigning value to the output of knowledge workers, we cannot simply measure the output like before.

Coders and doctors cannot be measured by the hour, as their output is not unif...

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Earlier input used to be the raw material. In the knowledge economy, the input is a mixture of a diverse set of tasks, like attending meetings, creating a campaign, giving a presentation, retrainin...

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Employees also have other concerns that hamper productivity and efficiency. It may be personal problems, a lack of will to work, or any other factor not in a manager's control.

The moder...

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Apart from the performance measurement and appraisals, management now has to take care of employee satisfaction and building strong, bonded teams.

A single-minded focus on results and outpu...

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Leaders now have to demonstrate positive and virtuous practices like:

  • Showing compassion and empathy
  • Providing support
  • Being like friends
  • Focusing on meaning...

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In the new economy, knowledge workers have to manage themselves and have autonomy. They are no longer cogs in a wheel, but nodes in a neural network and their individual productivi...

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  • Ensure the team is working on the tasks that align with their core competency. Maximize the time for meaningful work, while minimizing other activities.
  • Set up the measurement yardst...

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Human beings are complex creatures, and merely getting the best people together in a team does not make it successful or efficient. Optimization of a team requires it’s team members to work togethe...

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Demonstrating that the company cares and values its employees makes them feel respected and creates reciprocating behaviour.

Focusing on a single measurable outcome (a keystone habit) that b...

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